A shareholders' group is lodging a protest against your company. The shareholders group claimedthat the mean tenure for a chief exective office (CEO) was at least 8 years. A survey of 113companies reported in The Wall Street Journal found a sample mean tenure of 6.3 years for CEOSwith a standard deviation of s =5.1 years (The Wall Street Journal, January 2, 2007). You don'tknow the population standard deviation but can assume it is normally distributed.You want to formulate and test a hypothesis that can be used to challenge the validity of the claimmade by the group, at a significance level of = 0.001. Your hypotheses are:H.: µ > 8На: и < 8What is the test statistic for this sample?test statistic =(Report answer accurate to 3 decimal places.)What is the p-value for this sample?p-value =(Report answer accurate to 4 decimal places.)The p-value is...O less than (or equal to) aO greater than aThis test statistic leads to a decision to...reject the nullaccept the nullfail to reject the nullAs such, the final conclusion is that...

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Answered: A shareholders' group is lodging a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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O A myopenmath.com Home - ATI Testing МyOpenMath A shareholders' group is lodging a protest against your company. The shareholders group claimed that the mean tenure for a chief exective office (CEO) was at least 11 years. A survey of 94 companies reported in The Wall Street Journal found a sample mean tenure of 9.5 years for CEOs with a standard deviation of 4 years (The Wall Street Journal, January 2, 2007). You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of 0.05. Your hypotheses are: H0: μ >11 Ні:д < 11 What is the test statistic for this sample? (Report answer accurate to 3 decimal places.) What is the p-value for this sample? (Report answer accurate to 4 decimal places.) This test statistic leads to a decision to O reject the null O accept the null O fail to reject the null As such, the final conclusion is that there is sufficient evidence to conclude that the population mean tenure for…
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